There's truth in what you say. I was interpreting (without studying closely) the scale of what's happening to be beyond the scale where ICs have significant lev

There's truth in what you say. I was interpreting (without studying closely) the scale of what's happening to be beyond the scale where ICs have significant leverage, so not the startup venture scale but more like B-C round. It's already clear this stuff's going to be big, and the biggest players have the most advantages, it's time to scale, quit, or pray for a proprietary technological breakthrough. But you're right about giving small equity stake holders a more pure play though equity is an expensive way to pay people.